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Technology Stocks : Buying IPOs on the open market
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To: 2MAR$ who wrote (4732)11/19/1999 9:34:00 AM
From: Madharry  Read Replies (1) of 5529
 
I have owned this since the 4 range. The company had been under a cloud because of an accounting issue and a dispute with their former accountants. This is what had tanked the stock, and why I refused to take a large position at a lower price. Once the company hired new accountants and they prepare and audited statement that cloud was removed. Oddly enough this stock was suggested as a long in the 6s by a short seller- Bill Wexler with whom I have had strong disagreements with in the past.
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